St James Hotel
Georgetown, CO
Offered for sale at $1,200,000
Opened in 2024, originally the International Hotel in 1875 and then St James Hotel and Bar in 1890-1940s. It is now the St James Hotel again. Room for 7 suites with minor updating, add a liquor license to improve revenue.
There is a 2 story 2 bedroom apartment as one of the 5 suites, that the owner can stay in or there are plenty of affordable housing options around town. Small town living or rundown this gem remotely with a local Innkeeper. No prepared breakfast, just supplies and a full kitchen for guests to use. All 5 star reviews. Guests love it, but it could have more amenities - hot tub, mini bar, better food, etc.
Property Details- 5 Guest Rooms
- 8 Guest Room Baths
- Has Owner's Quarters
- Built in 1875
- Last Renovated in 2023
- Opened in 2024
- Building is 4,000 SQFT
- Lot is 0.35 Acres
- Photo Gallery
- Property Website
Financial Details- Offered for sale at $1,200,000
- Occupancy Rate: 50%
- Average Daily Rate: 160
- Annual revenue is $125,000
- Terms: Distress Sale, SBA loan assumable at 1.25% over prime. $900K
- Prequalify for Financing
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